"A startup is a temporary organization designed to search for a repeatable and scalable business model", Steve Blank [[Udacity - How to Build a Startup]] Startups are typically characterized by their focus on innovation, rapid growth, and the development of new products or services. They often operate in uncertain environments and aim to disrupt existing markets or create entirely new ones. Startups usually begin with a small team and limited resources, relying on creativity and agility to iterate on their business model and product offerings. Funding for startups often comes from venture capital, angel investors, or crowdfunding, as they seek to scale their operations and achieve long-term sustainability. The startup phase is crucial for testing assumptions, validating market demand, and refining the business model to ensure future success.